Refined soya oil turned weak and lost Rs 3.50, or 0.68 per cent, to Rs 508.80 per 10 kg in futures trade today, as traders booked profits at higher levels.
At the Multi Commodity Exchange platform, refined soya oil for October contract fell by Rs 3.50, or 0.68 per cent, to Rs 508.80 per 10 kg, with a trading volume of two lots.
Similarly, the refined soya oil for delivery in August contract declined by Rs 2.65, or 0.51 per cent, to Rs 512 per 10 kg, with an open interest of three lots.
While September-month delivery eased by Rs 2.45, or 0.48 per cent, to Rs 511.50 per 10 kg, with a trading volume of 213 lots.
The fall in refined soya oil mostly attributed to speculators, who indulged in profit-taking at higher levels due to fall in demand in the spot market traders said.